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July 04, 2025
 

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SUMITOMO MITSUI

The Tokyo Stock Exchange in October 2020
BUSINESS
Jul 4, 2025
Ex-Sumitomo Mitsui Trust official guilty of insider trading
The Tokyo District Court on Friday sentenced a former employee of Sumitomo Mitsui Trust Bank to two years in prison, suspended for four years, for engaging in insider stock trading through the abuse of tender offer information before disclosure.
Eight banks have entered into an agreement with the National Police Agency to share information on suspicious accounts as part of efforts to combat special fraud schemes.
JAPAN / Crime & Legal
Jun 18, 2025
Major banks team up with police to combat special fraud
Under a new agreement, the banks will send information on suspicious accounts directly to the police instead of channeling it through the Financial Services Agency.
Sumitomo Mitsui Banking will be one of the funding sources for a wealth management joint venture by Sumitomo Mitsui Financial Group and SBI Holdings.
BUSINESS / Companies
Jun 16, 2025
Sumitomo Mitsui and SBI to launch wealth management joint venture
Policymakers in Japan are encouraging individual investors to put more of their money in riskier assets such as equities.
Japan’s three megabanks are discussing jointly operating ATMs.
BUSINESS / Companies
Jun 4, 2025
Japan’s top banks consider teaming up on ATMs to cut costs
The banks are seeing whether costs can be reduced for tasks needed to run ATMs such as monitoring, security and cash transportation.
Over the past three years, banks with the most blended-finance transactions include SMBC, Citigroup, BNP Paribas and Mitsubishi UFJ Financial Group.
BUSINESS / Companies
May 22, 2025
Sumitomo Mitsui among banks stepping up deals for blended finance
Deals blending public and private funds totaled $18 billion last year, down 21% from 2023, according to Convergence.
SoftBank Group’s investments in AI will be financed through a loan in which Mizuho Bank, Sumitomo Mitsui Banking and JPMorgan Chase serve as lead underwriters, highlighting the Japanese tech investor's ability to secure funding for its outsize ambitions.
BUSINESS / Companies
May 21, 2025
SoftBank taps Mizuho, SMBC and JPMorgan to lead $15 billion loan
The move is a sign of the Japanese tech investor’s ability to secure financing for its outsize ambitions.
Sumitomo Mitsui Financial Group’s clients are becoming cautious about making deals and investments amid uncertainties over U.S. tariffs.
BUSINESS / Companies
May 15, 2025
Sumitomo Mitsui braces for tariff fallout with more buffers
Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion in the year that started in April.
An expected collaboration between Sumitomo Mitsui Financial Group and SoftBank will see the PayPay smartphone payment service being made available via the Olive general financial app provided by Sumitomo Mitsui Banking.
BUSINESS / Companies
May 14, 2025
Sumitomo Mitsui and SoftBank to tie up on digital payment services
The PayPay smartphone payment service operated by a SoftBank affiliate will be made available in Sumitomo Mitsui Banking's Olive app under the partnership.
A branch of SMBC Nikko Securities, a unit of Sumitomo Mitsui Financial Group, in Tokyo
BUSINESS
May 12, 2025
Japan’s megabanks to remain buoyed by BOJ’s long game to hike rates
The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
A security guard stands outside a branch of Yes Bank in New Delhi last August.
BUSINESS / Companies
May 10, 2025
Japan's SMBC to buy stake in India's Yes Bank
The Sumitomo Mitsui deal marks the biggest foreign investment in India’s banking sector, and is the latest move by Japanese lenders to expand in the country.
The tie-up between Sumitomo Mitsui Banking and its new partners will target U.S. middle-market companies, according to executives.
BUSINESS / Companies
May 7, 2025
SMBC teams with private lenders to offer $1.7 billion of credit
The tie-up between the Japanese banking conglomerate and its new partners will target U.S. middle-market companies, according to executives.
A potential offer for a stake in India’s Yes Bank will likely be determined by market prices, according to people familiar with the matter.
BUSINESS / Companies
May 6, 2025
SMFG in talks to buy minority stake in India’s Yes Bank
Japan’s aging population and slow growth have been encouraging companies to look elsewhere for expansion, leading to a surge in outbound transactions.
A system failure at Sumitomo Mitsui Banking Corporation has made automated teller machines at some branches in the Kansai western Japan region unavailable. The cause of the failure is under investigation, and there is no prospect of when the system will be restored, the Japanese bank said.
JAPAN
Apr 29, 2025
System failure hits Sumitomo Mitsui ATMs
The cause of the failure is under investigation, and there is no timeline yet for restoring the system, the Japanese bank said.
Sumitomo Mitsui Banking plans to start structuring products such as asset-backed securities, hoping to capitalize on the growing market and strong prospects for infrastructure investments in Brazil.
BUSINESS / Companies
Apr 8, 2025
Japan’s SMBC to expand in Brazil’s local bond capital markets
The Japanese bank plans to start structuring products such as asset-backed securities, hoping to capitalize on the growing market for infrastructure investments in Brazil.
Sumitomo Mitsui Banking is in talks to provide corporate client data to Fujitsu to run through the IT company’s multimodal machine learning tools to make business forecasts.
BUSINESS / Companies
Apr 3, 2025
SMBC and Fujitsu to partner on AI-driven forecasting services
The move would be a rare instance of a Japanese bank allowing another company access to sensitive customer data.
Masamichi Koike, head of global markets business at Sumitomo Mitsui Financial Group, says the Bank of Japan is likely to increase the policy rate to 1% this year as long as the U.S. economy doesn’t falter.
BUSINESS / Companies
Mar 25, 2025
Sumitomo Mitsui markets head sees BOJ rate at 30-year high
The Bank of Japan is likely to increase the policy rate to 1% this year from the current 0.5% as long as the U.S. economy doesn’t falter, said Masamichi Koike.
Sumitomo Mitsui Financial Group has decided to withdraw from the Net-Zero Banking Alliance, a spokesperson said.
BUSINESS / Companies
Mar 4, 2025
Japan’s SMFG joins Wall Street in exiting net zero banking group
Japan’s second-largest bank has decided to withdraw from the Net-Zero Banking Alliance.
The Securities and Exchange Surveillance Commission has raided locations related to a former Sumitomo Mitsui Trust Bank division manager on suspicion of violating the financial instruments and exchange law.
JAPAN / Crime & Legal
Feb 6, 2025
Sumitomo Mitsui Trust Bank worker's insider trading likely lasted years
The Securities and Exchange Surveillance Commission has raided locations related to the former employee.
MUFG virtually reached its full-year profit goal with a quarter to spare, earning a record ¥1.749 trillion in the first nine months.
BUSINESS / Companies
Feb 4, 2025
MUFG profit soars in bumper earnings season for Japan banks
Japanese banks are benefiting from rising interest rates following more than a decade of ultra-easy monetary policy.
Japanese banks are enjoying bumper earnings as they begin to benefit from rising interest rates following more than a decade of ultraeasy monetary policy.
BUSINESS
Jan 30, 2025
Sumitomo Mitsui profit beats estimates as rate hikes bolster earnings
Net income at Japan’s second-largest bank rose 54% from a year earlier to ¥410.8 billion for the three months ended Dec. 31, calculations show.
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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